“That is a real hustler!”: Retiree's savings stun Aussies
An 84-year-old retiree has stunned Aussies after revealing just how much money he has saved.
As part of property app Copoist's latest social media series, where they ask people of all ages how much they have in savings, one senior revealed that he had $2.3 million in savings "at the moment".
While he didn't go into detail about how he amassed his wealth or whether he owns multiple properties, people online were blown away by his savings.
“This is crazy! Who has the means to save?” One asked.
"Must be nice", another commented.
"That is a real hustler!" a third complimented.
However, the video also highlighted the huge wealth divide, especially among men and women, with one 73-year-old woman revealing that she had over $100,000.
Another 75-year-old woman said she had had over $70,000, and a 64-year-old said she had $61,000, while another man around the same age as them had $2 million saved up.
The savings disparity in the clip sparked a huge online conversation, with one writing: “How come men have millions and women cannot even have half a million? Mind blowing."
“My first thought was okay so all the men have more savings than woman funny that. If life has shown me anything, it is that women take 10 years off raising their children, so his saving is hers,” another added.
“It is all the men with a lot more,” a third pointed out.
Financial comparison website Finder has found that generally still have more money than women in Australia, with the average woman having $42,664 in cash savings, compared to $50,479 for men.
Finder’s Equal Pay Day Report 2024 found the main hurdles to women’s earning capacity have been having a baby, choosing a flexible job that allows them to take care of family, and the industry or career that they are in.
They also found that the average Aussie had $40,000 in savings in December 2024, but 43 per cent of people had less than $1,000.
Image: TikTok/coposit_street